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prima:CooPACA’s new CEO fired

Luis Gerena’s dismissal was allegedly due to disagreements with the board of directors of one of the island’s largest cooperative conglomerates

July 24, 2024 - 1:01 PM

CooPACA is one of the largest cooperative systems in Puerto Rico, offering services to more than 119,000 members and about $825 million in assets, with 14 branches throughout the island. (Archivo)

The board of directors of the savings and loan cooperative CooPACA recently dismissed its new executive president, Luis Gerena, after nearly a year in office.

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